Salary sacrifice savings

Cut National Insurance. Boost your pension benefits.

Switching to a salary sacrifice pension scheme with Penfold helps you cut employer NI costs, increase pension contributions, and free up budget — all without extra admin headaches.

Talk to our team Get started now Free setup. No payroll disruption, Trusted by 5,000+ UK businesses

Why salary sacrifice?

Salary sacrifice pensions are one of the easiest ways for you to save money and reward employees – without extra cost. With Penfold, you get a modern, fully managed setup that saves money for your business and your employees.

Lower business costs

Reduce employer NI contributions and reinvest the savings where they matter most.

Better employee benefits

Employees can add more to their pension pots without reducing their take-home pay.

End-to-end expert support

We guide you through every step, from consultation to launch.

Your savings in action

Here’s an example of what salary sacrifice could mean for your business.

Example: 50 employees, 50ドルk average salary.

For Employers:

With Penfold, a business could save 18,750ドル in the first year alone through reduced employer National Insurance contributions.

For Advisers:

Introduce Penfold to five clients like this and you’ve helped save 93,750ドル – seriously strengthening your advisory offer.

How It works in 3 steps

1. Plan it

We run a free consultation to assess your payroll and NI position, and create your tailored salary sacrifice plan.

2. Switch it

We manage the provider switch, work with your payroll team, and test everything before launch.

3. Run it

From the first payday, your NI savings start rolling in. We support you to keep everything on track.

Built for employers and advisers

Whether you run payroll in-house or support clients, Penfold’s platform makes salary sacrifice easy.

For employers:

  • Savings calculators to forecast NI savings
  • Automated payroll and reporting tools
  • Communications and onboarding handled for you

For advisers:

  • White-label setup for your clients
  • Branded employee onboarding resources
  • Expert support for scheme admin

Customer Success

At Amplifi Capital we’re committed to investing in our colleagues and supporting their financial well-being.

As part of a review of our workplace benefits, one of the steps we’ve taken is switching to Penfold’s salary sacrifice pension scheme.

With rising employment costs due to the upcoming increase in employer National Insurance contributions, it’s more important than ever to find ways to manage our budgets effectively.

Moving to Penfold helps us to continue to invest in our people whilst reducing employer NICs.

Lisia

CFO at Amplifi Capital

person

Penfold helped us to understand salary sacrifice really well.

We had an overview meeting, were sent FAQs and Penfold also hosted a Pension Workshop to take our teams through the platform & salary sacrifice which was really helpful.

The transition process is very straightforward and the team at Penfold do a super job at explaining each step.

Michelle Kangellaris

Director of People & Culture at Glint

Salary Sacrifice FAQs

Salary sacrifice allows a portion of an employee’s salary to go directly into their pension, reducing both employer and employee National Insurance contributions. Read more in our What is salary sacrifice? and Salary sacrifice for pensions explained articles.

Employers can save up to 15% on National Insurance contributions, with exact savings depending on employee participation and contribution levels.

There are pros and cons of using salary sacrifice to make pension contributions. Find out what they are in our Is salary sacrifice worth it? article.

Not necessarily – savings can be used to boost pension contributions without reducing take-home pay.

Penfold provides all necessary documentation, reporting, and guidance to help ensure your salary sacrifice setup stays fully compliant.

Start saving on NI this month – setup is free

It’s never been easier to cut your costs and reward your team. Join thousands of UK businesses already using Penfold’s salary sacrifice pension.

Talk to our team or Get started now

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